Australia's Helix Resources gains on identifying copper targets in NSW project

Helix Resources

08/12/2022 24:21

** Shares of Helix Resources  HLX.AX  climb up to 14.3% to
A$0.008, their biggest intraday gain since Dec. 1 
    ** The copper- and gold-focused mineral explorer says it
discovered large-scale copper targets at its New South
Wales-based Canbelego JV project
    ** Says in second deep-drill test, co also intersected
copper sulphide mineralisation
    ** "Going well, the drilling currently in progress will
intersect well developed copper sulphide zones" -HLX
    ** Expects assays for drill holes early in 2023
    ** About 20 mln shares change hands, compared with the
30-day average volume of 5.4 mln
    ** Stock down 56.3% this year, as of last close
 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))